Gas Negara, Jasa Marga, Medco Energi: Indonesian Equity Preview
The Jakarta Composite index climbed 0.4 percent to 4,105.17.
Energy companies: Crude oil futures fell to a six-week low, losing 2.5 percent to $102.78 a barrel in New York yesterday. Oil was last at $103.45. PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, dropped 2.2 percent to 2,200 rupiah and PT Energi Mega Persada (ENRG) , the second largest, slid 0.5 percent to 185 rupiah.
PT Bank Central Asia (BBCA) : Indonesia’s largest bank by market value said its 2011 net income gained 28 percent to 10.8 trillion rupiah ($1.18 billion), beating the mean estimate of 10 trillion rupiah in a Bloomberg News survey of 28 analysts. Bank Central Asia fell 0.6 percent to 8,050 rupiah.
PT Jasa Marga (JSMR) : Indonesia’s biggest toll operator said its 2011 net income climbed to 1.3 trillion rupiah from 1.2 trillion rupiah a year earlier. The mean estimate was 1.4 trillion rupiah, according to a Bloomberg News survey of 19 analysts. Jasa Marga was unchanged at 4,950 rupiah.
PT Perusahaan Gas Negara (PGAS) : Indonesia’s biggest gas distributor said 2011 net income dropped 4.8 percent from a year earlier to 5.93 trillion rupiah. The mean estimate was 6.43 trillion rupiah, according to a Bloomberg News survey of 18 analysts. Gas Negara lost 1.3 percent to 3,750 rupiah.
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